BXP and Starr arrange leases at 343 Madison Ave.

Manhattan, NY One of the largest publicly traded developers, owners, and managers of premier workplaces in the United States has signed an 275,000 s/f, 20-year lease with Starr, a global investment and insurance organization, at 343 Madison Ave., a 930,000 s/f premier workplace currently under construction with direct access to Grand Central’s Madison Concourse between 44th and 45th Sts. Starr will occupy floors 16 through 27 in their entirety, leasing approximately 30% of the building. The location will serve as Starr’s New York headquarters.

“This move marks our continued growth, not only in the U.S., but globally,” said Jeff Greenberg, chairman and co-chief executive officer of Starr. “We are delighted to be working with BXP and look forward to the completion of the building.”

“Starr’s commitment to 343 Madison underscores the strength of this location and the enduring demand for high-performance workplaces in Midtown,” said Hilary Spann, executive vice president, New York region for BXP. “BXP is honored to continue to serve as home to Starr’s New York headquarters, and together we’re creating a next-generation environment that will elevate how people work, connect, and thrive in New York City.”

Designed by Kohn Pedersen Fox, the 46-story tower will feature a hospitality-forward amenity program and market-leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and outdoors, with terraces and expansive views overlooking Midtown. A food-and-beverage program, including a lobby café, along with bicycle storage featuring cabanas and showers, rounds out the amenity offering. Specialty floors with private terraces and elevated ceiling heights allow tenants to design multi-functional workplaces that accommodate a variety of work styles and space needs.

Sustainability features include a fully electric design with zero on-site combustion and a high-efficiency direct outside air system. Target certifications include LEED Platinum, WELL Core, Energy Star 85+, Fitwel, and WiredScore Platinum. BXP expects to deliver 343 Madison in late 2029.

Starr was represented by John Picco, Peter Van Duyne, and Alex Lachmund of Cushman & Wakefield in the transaction. BXP was represented by Peter Turchin, John Maher, Evan Haskell, and Caroline Merck of CBRE. Legal counsel was provided to Starr by Skadden, Arps, Slate, Meagher & Flom LLP and to BXP by Fried, Frank, Harris, Shriver & Jacobson LLP.